Mr. Seamus Coffey:

We are not necessarily saying it will be a hard Brexit. We are saying that the current macro-economic forecasts are done on the basis that the UK would leave the customs union and the Single Market and the GDP and the macro-forecasts build in the impact of that. It appears more likely that this is what will happen but what we are specifically saying here is that the macro-forecast in the SPU builds in the estimations of the impact that those features the Deputy mentioned could have.